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Due to the modern algorithm and the participation of an unlimited number of decentralized experts, the assessment of a smart contract will be the most reliable. The majority of venture funds and state corporations are confronted with this problem in their work, which leads to a large number of write-offs.
NO ABUSE, CORRUPTION AND FINANCIAL MANIPULATIONS
THE PROSPECTS FOR THE EMERGING CRYPTOCURRENCIES
You may call me Captain Obvious, but one of the main goals the developers set for themselves when creating cryptocurrencies is to get a ticket to the millionaires' club. As a rule, luck is the main factor influencing their success. Lots of fairly good technical ideas and socially beneficial products vanish without a trace in the stream of other cryptocurrency projects. The success of a cryptocurrency depends on the number of its holders, the trading volume, the listing on the main exchanges, etc. The vicious circle of misfortunes is accounted for by the fact that an unwealthy developer cannot pay for their entry into an exchange, not to speak of the marketing expenditures. And a wealthy founder of a cryptocurrency risks creating an uninteresting product while spending a great deal of money on dubious marketing. By the way, the most part of marketing offers in the crypto world turn out to be "gray" companies, or even students who do it unofficially.

In spite of the fact that Bitcoin and Etherium are already seriously discussed in the big financial circles, and all the other thousands of cryptocurrencies are seen as shams by the serious capital, there are a few worthy examples of new cryptocurrencies, such as NEO, which became 25000% more expensive in a year. We all will agree that it's not the last example on the crypto market, which has, in my opinion, passed the stage of the gold rush.

In this article, I'll tell you about everything we are going to do when creating the new cryptocurrency, http://scientificcoin.com. I'll promise in advance to forget what a commercial secret is, and that experience and knowledge can be sold. I want to prove it to you that straightforward data on our manipulations will not scare away big partners but only reliable information about the essence of the project and the progress of its implementation. And considering the bundle of benefits, and the uniqueness of this project, it will be impossible to copy, I'm not afraid of it at all.

ScientificCoin is a crowdfunding platform based on blockchain technology, the purpose of which is to finance scientific projects. The platform is unique because it uses a hybrid system of scientific project evaluation. A mathematical algorithm combined with decentralized expert appraisal gives a high efficiency rate of the platform's work.


I think there cannot be a better place for founding ScientificCoin than Akademgorodok (https://en.wikipedia.org/wiki/Akademgorodok) with its combination of high concentration of intellectual capital and accessible infrastructure. In a different place, it would be extremely difficult to create the beta version of the platform with about a hundred of real scientific projects, most of which had been created by groups of scientists over many years. Moreover, many of the Russian scientific research projects receive too little financing, unlike the Silicon Valley where it would take years to select the first scientific projects. Our team was formed in the largest scientific center of Siberia, it includes 8 holders of PhDs from different scientific fields. The cooperation with the Biotechnopark http://www.btp-nso.ru and Technopark (https://academpark.com/en is a great advantage for us.

It had taken us several years to develop the appraisal algorithm, and over the latest months we've been creating the platform, the beta version of which we'll be proud to demonstrate at the end of May at the conference in Berlin http://www.blockshoweurope.com.

Considering that the average salary of a research scientist in Akademgorodok is equal to 500 U.S. dollars per month, we had no difficulty in completing about 60% of the work at the platform using our own funds.

Most probably I was not the only person who had a laugh at the information about the projects placed at ICOs, which it was planned to attract 3–5 millions dollars into in order to develop the "blockchain thing". On the crypto market, the main object of expenditure in ICO projects is marketing. Thousands of adventurers attract the same investors' attention. The databases containing email addresses of crypto investors, BitcoinTalk users and exchange users are re-sold from one project to another. Before Facebook and Google banned the advertising of crypto projects, a visit to a website related to cryptocurrency would inevitably result in ICO advertising appearing endlessly. In my opinion, there is something wrong with a project that spends 70% of the budget on advertising, especially if it isn't its own money but funds collected as investments. An ICO project is different from Parliament or mayoral elections.

To get a great number of SNcoin holders involved in the project, we are going to send 1 coin to each of the 200,000 accounts with Ethereum-based tokens. Of course we have not invented anything new (a bounty campaign, an airdrop), we just took 200,000 unique addresses of other ICOs' active token holders from www.etherscan.io. We are going to spend about 30,000 dollars on the gas and send 200,000 coins within 5 days, having the crypto enthusiasts "marry" us without their consent in so doing. An obvious advantage over an airdrop or a bounty campaign is that the gift receiver will not sell the coin instantaneously due to its insignificant value, they will wish for its growth, let's once again remember NEO (X25).

As Ethereum is very popular now, we are going to use it for distribution of our ERC-20 tokens, which will be replaced by coins of our own blockchain. So, we won't have to advertise our own blockchain wallet and talk users into downloading it. They will do it themselves later in order to have the existing ERC-20 token automatically replaced with the SNcoin.

During the process of creating ScientificCoin, we sent personal messages on LinkedIn to everyone associated with "cryptocurrency" and "blockchain". As the result, we received about 5,000 recommendations and comments. The most important aspect of them was the investor's wish to invest into another Ethereum. Some crypto investors even have the notion of "Х", which is the ratio of an asset's growth over a short period of time. Taking this information into account, we intend to distribute the tokens in the course of a closed ICO among an enlightened audience, whose who commonly referred to as "business angels", the opinion leaders whose follower would ask to sell them a token 3 to 5 times more expensive than the business angel bought it at the ICO. The follower will know that the growth of the coin will continue, and they will get their cherished "X" too.

At the moment of the platform's launch intended for February 2019 we will have a strong audience of coin holders and a potential of interest for making purchases at the exchanges. The average cost of listing on second-tier exchanges is about 10,000 U.S. dollars. But exchanges like Kraken, Poloniex, or Bittrex do not accept unpopular coins for listing. A big number of coin holders will come in handy here, and so will an active discussion of the project among the crypto community.

All these solutions will make a potential investor aim at purchasing a limited number of coins at the stage of a closed ICО (3,000,000 coins). A big investor, having received reliable information about the project and its organizers, will think of investing 0.1–2% of their portfolio into a potentially hyper-profitable project. In our case, this is the most efficient way as a big investor will not sell all the coins after they grow by 2–3 times, supporting the community's growth in so doing. The main mistake of the projects that give preference to bounty campaigns and airdrops is that the numerous enthusiasts who have received tokens for free will sell them at the exchange at once after the end of the ICO. This decreases the value of the coin dramatically, causes panic among the investors, and makes the project look sad.

Unfortunately the emerging sphere of ICOs, which is not controlled by regulators yet, invents the rules in the course of the game. Some ICO projects practice the following tactics:

· announce the softcap of, say, 3 mln dollars,

· use a script that will automatically create hundreds or thousands of controlled wallets. It will, using the developers' own money in the turnover, purchase tokens from its own project. Today there is nobody who would control the creation of new wallets, which may be perceived by real investors as really existing people.

· this way, they fill their wallet (contract address) with mostly phoney transactions, for example, in the amount of 1.5 mln dollars. When watching these transactions on http://www.etherscan.io , the investor will not think that these frequent receipts of funds are only the script's work.

· showing how successful they are in this way, they can collect about 100–200K USD from second-rate investors on the "hype".

· one week before the end of the ICO, they declare that the softcap has been collected (hence making it clear to potential investors that the success is inevitable),

· they sell tokens to themselves in the amount of another 1.5 mln, announcing that 4.5 mln have been collected successfully (but having collected only 200–300 thousands in fact)

· after the end of the ICO, having paid 20–50 thousands U.S. dollars for the listing on several exchanges, they decrease the value of the tokens together with "bounty hunters", selling them for any possible price. As the expenses on the creation and technical implementation of many projects aren't high, the organizers don't hesitate to sell a part of the accumulated tokens for a knock-down price, hoping that eventually the coin will have its hype, and the investors will start investing dollars in it, like investing in Bitcoin.

As the funds have to be returned to the investors in case if the softcap is not achieved, and huge amounts of money have already been spent on marketing, they see such manipulations as the only possible way out.

In order to avoid such a situation, we see the sale of tokens as a way of the platform's popularization and not as the need for attracting funds to complete it. This is why we do not persuade potential investors to urgently buy a great number of SNcoins, we are going to continue working at the platform in any case, and the very idea of creating a platform for scientific projects with decentralized expert appraisal obliges us to be consistent and transparent for all parties involved.

We will use such forums as BitcoinTalk and Reddit, and also social networks, including asking the existing and future participants of the project to re-post our articles and publications. We'll benefit greatly from meaningful articles on the http://www.medium.com portal. We are definitely not going to advertise our project with the aid of youtube bloggers and in those venues, the audience of which mostly consists of newbies in crypto investments.

My prejudice that Bitcoin and many cryptocurrencies are pyramid schemes has not changed. But the efficient work of the ScientificCoin platform requires decentralized experts, the great use of whom I described in the previous article https://medium.com/@maxdvedenidov/scientificcoin-blockchain-platform-for-scientific-projects-with-decentralized-projects-valuation-227586e015e. After passing the stage of broad awareness, the ScientificCoin platform will be the foundation of the eponymous cryptocurrency, which cannot be destroyed by the rate speculations.

Having millions of SNcoin owners we will reach the critical mass that the well-known social networks, mobile applications, etc. have achieved. The holders will use ScientificCoin to generate passive income (each project that has attracted financing via ScientificCoin pays 5% of the raised amount, which are annually distributed among the holders), and the other ones will earn money by working as experts or miners, doing socially useful work.

Perhaps the volatility of this cryptocurrency will be much lower than for most cryptocurrencies due to the fact that for SNcoin holders who generate passive income it will be more profitable to keep the coins than to fall for speculators' manipulations. Having these instruments, a participant of the ScientificCoin platform will not perceive a sharp drop of SNcoin's rate like a sharp drop of Bitcoin.
When carrying on negotiations with scientists concerning the participation in our project, I had to briefly explain the advantages of blockchain generated within Bitcoin that is associated in the minds of most mature aged people with greed and other negative aspects.
The ScientificCoin platform could exist without cryptocurrency speculations, but we must not create a separate blockchain as we will not be able to use the advantages of frenzy, which in its turn will make the platform recognizable thanks to those who like making money fast on cryptocurrencies. Beyond all doubt, we are going to encounter legal issues, such as The United States Securities and Exchange Commission, etc., but that will require a separate article, which will be published later.
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We are glad to inform you that our team will present the Scientificcoin project at BlockshowAmericas, which will be held in LAS VEGAS on AUGUST 20-21
We are glad about your interest in the scientificcoin project. You can get a small amount of free coins using these two services: ScientificCoin platform and MonsterBrain.
At the moment, ScientificCoin is at the stage of a closed token sale. If you want to purchase SNcoin, please fill out a short token purchase application and indicate your region of residence and your native language. The Scientificcoin manager in your region will process your application within two business days. In addition, please use our live Telegram chat in English.
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We are glad to inform you that our team will present the Scientificcoin project at BlockshowAmericas, which will be held in LAS VEGAS on AUGUST 20-21
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Scientificcoin LLC, Akad. Lavrentieva ave. 6/1, 704, Novosibirsk, Russia
+7-913-9858715, support@scientificcoin.com
Due to the modern algorithm and the participation of an unlimited number of decentralized experts, the assessment of a smart contract will be the most reliable. The majority of venture funds and state corporations are confronted with this problem in their work, which leads to a large number of write-offs.
NO ABUSE, CORRUPTION AND FINANCIAL MANIPULATIONS
©2018 ScientificCoin
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